Consumer confidence index up in April

Monday, April 28, 2014

Customer confidence index in Turkey rose by 7.9 percent compared to previous month

Customer confidence index in Turkey rose by 7.9 percent compared to previous month

ANKARA - The Consumer Confidence Index (CCI) increased by 7.9 percent in April 2014 compared to March, Turkish Statistical Institute reported on Monday.

The index figures show that optimism in Turkey's general economy over the next 12 months is growing, March's figures of 72.7 points rose a month later in April to 78.5 points making a 7.9 percent increase.

The financial expectation for household income in the next 12 months is 94.9 points, an increase of 3.8 percent compared to the previous month.

The probability of savings index for the next 12 months increased by 10.4 percent, compared to the previous month, and rose from 24.1 in March to 26.6 in April.

The Consumer Confidence Indices shows how confident consumers feel about the stability of their incomes, which affects economic decisions and therefore serves as one of the key indicators for the overall shape of the economy.

The indices range between 0 and 200 points, with 100 points being a neutral outlook, above that point being optimistic and below being a pessimistic outlook.

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